Angola’s Luanda Port is set to undergo a major transformation, thanks to an agreement between Abu Dhabi Ports Group and the Luanda Ports Authority. The 20-year concession agreement, with an option to extend for another ten years, will see Abu Dhabi Ports Group revamp and manage the Luanda Multi-Purpose Terminal.
As part of the deal, Abu Dhabi Ports Group has acquired an 81% stake in a joint venture with Unicargas to operate the terminal, and a 90% stake in another joint venture with Multiparks to offer services to the terminal and the broader Angolan logistics market. To modernize the terminal and establish a logistics center, Abu Dhabi Ports Group will invest US$251 million over the next three years (2024-2026), with the potential to increase the investment to US$379 million over the concession period based on market demand.
The port serves as Angola’s main maritime gateway, handling over 76% of containers and general cargo in the country. Its strategic location positions it well to accommodate growth in container volumes, forecasted to rise at an average annual rate of 3.3% over the next decade. The port also plays a critical role in providing transshipment services in Central West Africa, supporting maritime trade in landlocked countries like Democratic Republic of Congo and Zambia.
The collaboration between Abu Dhabi Ports Group and Angolan stakeholders aims to transform the port into a modern multi-purpose facility, contributing significantly to enhancing logistical capabilities and driving economic growth in the region. Under